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REGISTERED NUMBER: 04076023 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

PETER TURPIN ASSOCIATES LIMITED

PETER TURPIN ASSOCIATES LIMITED (REGISTERED NUMBER: 04076023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PETER TURPIN ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: S R Buckle
M P Turpin





SECRETARY: Mrs D F Turpin





REGISTERED OFFICE: 1 Clifton Moor Business Village
James Nicholson Link
Clifton Moor
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 04076023 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

PETER TURPIN ASSOCIATES LIMITED (REGISTERED NUMBER: 04076023)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,822 14,714
15,822 14,714

CURRENT ASSETS
Stocks 1,935 2,358
Debtors 6 23,737 19,297
Cash at bank 379,875 457,021
405,547 478,676
CREDITORS
Amounts falling due within one year 7 19,566 27,578
NET CURRENT ASSETS 385,981 451,098
TOTAL ASSETS LESS CURRENT LIABILITIES 401,803 465,812

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 371,803 435,812
SHAREHOLDERS' FUNDS 401,803 465,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th March 2024 and were signed on its behalf by:




M P Turpin - Director



S R Buckle - Director


PETER TURPIN ASSOCIATES LIMITED (REGISTERED NUMBER: 04076023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Peter Turpin Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered stated net of discounts and excluding value added tax.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

Goodwill
Goodwill has being amortised evenly over its estimated useful life of five years from the date of transition to Financial Reporting Standard 102 1a.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - 20% on reducing balance

Long-term plant and machinery is being revalued at regular intervals to ensure that the carrying amount is not materially different to the fair value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PETER TURPIN ASSOCIATES LIMITED (REGISTERED NUMBER: 04076023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 21,000
AMORTISATION
At 1st January 2023
and 31st December 2023 21,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st January 2023 19,970 22,000 41,970
Additions - 4,000 4,000
At 31st December 2023 19,970 26,000 45,970
DEPRECIATION
At 1st January 2023 7,205 20,051 27,256
Charge for year 993 1,899 2,892
At 31st December 2023 8,198 21,950 30,148
NET BOOK VALUE
At 31st December 2023 11,772 4,050 15,822
At 31st December 2022 12,765 1,949 14,714

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,823 15,937
Other debtors 5,914 3,360
23,737 19,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,050 17,737
Taxation and social security 5,309 2,662
Other creditors 2,207 7,179
19,566 27,578

PETER TURPIN ASSOCIATES LIMITED (REGISTERED NUMBER: 04076023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 6,112

9. SECURED DEBTS

A debenture was created with Barclays Bank plc on 3rd July 2001 and contains a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures and plant and machinery.

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £546 (2022 - £1,050) to key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.